Industry News

North Carolina real estate sales soar

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Home sales across Illinois, Massachusetts and Ohio fell in October from their year-ago levels, while North Carolina posted record sales, according to Realtor associations in those states. Sales of existing homes in North Carolina grew 14 percent in October, passing the previous record set in 2003, according to the North Carolina Association of Realtors. Realtors reported 9,512 residential units were sold on an adjusted basis last month, compared to 8,352 units sold in October 2003. The average existing-home sales price was $197,041, up 5 percent from $186,942 posted a year ago. Nearly 95,000 units have been sold on a year-to-date basis in North Carolina, an increase of 21 percent from sales posted during the first 10 months of 2003 and surpassing the record 92,000 units sold during all of 2003. The year-to-date average sales price increased 5 percent during the same time period to $193,649. Of the 17 multiple listing services included in the North Carolina report, all but three have ...